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May 6 , 2021 IAC IAC Q1 2021 Shareholder Letter Page 1 of 12 Dear Shareholders , In the next few weeks , we expect to finalize the distribution of Vimeo to our shareholders , creating the 11th public company to emerge from IAC . Post - spin , we will continue doing what we must - building great businesses . Each time we deconstruct , we rebuild . We've created nearly $ 50 billion of shareholder value since 2008 , when we spun off four businesses containing the vast majority of IAC's revenue and profits , and $ 12 billion of value since we separated from Match Group ( and once again , the majority of IAC's profits ) in 2020. In total , nearly $ 100 billion of value has been created since Mr. Diller took control of what was to become IAC in 1995. Compared to our past de - glomerations , this time the remaining IAC will start with more cash ( $ 2.8 billion ) , more Adjusted EBITDA ( $ 151 million over the last twelve months ) and , we think , more opportunity than any of the previous efforts . Whatever the relative point of reference , we're back where we need to be : building . Equity Returns for a Shareholder that Purchased IAC in Each of the Following Periods Since 1995 Post - 2008 Spin 10 Years Ago 5 Years Ago Post - MTCH Separation IAC & Subsequent SpinCos 16 % 32 % 31 % 60 % 118 % S & P 500 10 % 12 % 14 % 17 % including dividends CAGR 36 % Since 7/1/2020 Our biggest asset at the moment , Angi , is in the midst of creatively disrupting the home services industry ( and itself ) by offering something magical — “ one - click ” ordering of home services that delight homeowners with simple pricing , no - hassle payment , and guaranteed service . We believe we finally have the volume ( over 32 million service requests last year ) and the network